In what way does my ID and proof of funds have anything to do with my conveyancing in Bognor Regis? What am I being asked for?
In order to comply with Money Laundering Regulations any Bognor Regis conveyancing firm will require evidence of your identity in all conveyancing matters. This is usually satisfied by provision of a passport and an original bank statement or utility account evidencing where you reside.
Under Money Laundering Regulations, conveyancers are duty bound to check not simply the identity of conveyancing clients but also the origin of monies that they receive in respect of any matter. An unwillingness to disclose this may lead to your conveyancer cancelling their retainer with you, as clearly this will cause a conflict between the set Regulations and a refusal to disclose.
Your conveyancers will have an obligation to inform the appropriate authorities should they believe that any monies received by them may contravene the Anti-terror and anti-money-laundering rules.
The deeds to my house are lost. The solicitors who did the conveyancing in Bognor Regis 4 years ago no longer exist. What do I do?
Nowadays there are duplicates made of almost everything, and your solicitor will know exactly where to locate all the appropriate documentation so you may buy or sell your house without a hitch. If duplicates can’t be found, your conveyancer may be able to arrange cover in the form of insurance or indemnities protecting you against possible claims on the property.
Due to the advice of my in-laws I had a survey completed on a property in Bognor Regis before appointing lawyers. I have been told that there is a flying freehold overhang to the property. My surveyor advised that some lenders will not issue a loan on such a house.
It varies from the lender to lender. Lloyds has different requirements from Halifax. If you call us we can check with the appropriate lender. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Bognor Regis. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Bognor Regis to see if the conveyancing costs will increase in light of this.
I need to retain a conveyancing solicitor for purchase conveyancing in Bognor Regis. I've stumble across a web site which seems to have the perfect answer If there is a chance to get all formalities completed via web that would be ideal. Should I be concerned? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
I am on look out for some leasehold conveyancing in Bognor Regis. Before I get started I want to be sure as to the unexpired term of the lease.
Assuming the lease is recorded at the land registry - and 99.9% are in Bognor Regis - then the leasehold title will always include the short particulars of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
Bognor Regis Conveyancing for Leasehold Flats - Sample of Queries before Purchasing
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How many years are left on the lease? Who manages the building? Make sure you investigate if there is anything that is prohibited in the lease. For instance it is reasonably common in Bognor Regis leases that pets are not allowed in in a block in Bognor Regis. If you love the propertyin Bognor Regis however your cat is not allowed to move with you then you will be faced difficult compromise.
Two months into purchasing a residence in Bognor Regis. Conveyancing lawyer has told us the property is "Leasehold". Does this adversely affect the marketability of the property?
Bognor Regis conveyancing does not ordinarily involve leasehold houses. The key factor here is the length of lease and the ground rent. If there are over a hundred years remaining with a nominal rent, it's essentially freehold, so it shouldn't impact the marketability significantly.
At the other end of the spectrum, if it's, say, fifty five years it is bound to have a adverse effect on the value, and probably wouldn't be acceptable to the mortgage company. The remaining lease term and ground rent will be stated in the lease provided to your conveyancing practitioner.